Issue of Equity & Directors Share Purchases
07 November 2008 - 3:54PM
UK Regulatory
Cambridge Mineral Resources plc / Ticker: CMR / Index: AIM / Sector: Mining & Exploration
7 November 2008
Cambridge Mineral Resources plc ('CMR' or 'the Company')
Equity Placing & Directors Share Purchases
Cambridge Mineral Resources plc, the AIM listed mining exploration and production company primarily
targeting precious metals in South America, has received share placing commitments from institutions
and directors to raise �280,000 ('the Placing') before expenses through the issue of 28,000,000 new
Ordinary Shares of 1 pence at 1 pence per share ('Placing Shares'). Each Placing Share will have one
warrant attached with an exercise price of 2 pence with an exercise period of two years.
The Placing Shares will represent 7.88 per cent of the Company's enlarged issued share capital
following the Placing, and will, when issued, rank pari passu in all respects with the existing
issued ordinary shares. The placing is conditional, inter alia, upon the new Ordinary Shares being
admitted to trading on AIM for which application is being made to the London Stock Exchange, and it
is expected that admission will become effective, and trading in the Placing Shares will commence, on
or around 13 November 2008. The warrants will not be listed.
Directors of CMR, Colin Andrew and Michael Burton have participated in the Placing with the purchase
of 2,500,000 shares each. Following the Placing, Colin Andrew will hold 5,625,000 or 1.58% and
Michael Burton will hold 3,067,308 or 0.86% of the total share capital of the Company.
CMR's Managing Director, Colin Andrew, commented, "These additional funds will provide CMR with
general working capital which will enable the Company to continue its strategy of acquiring
established exploration projects to develop into economically mineable reserves of precious metals.
I believe the successful raising of additional funds within the current economic climate underlines
the quality of our assets, particularly the Quintana gold mine which is anticipated to commence
production before the end of this year."
The total number of ordinary shares in issue following the placing will be 355,115,704.
** ENDS **
For further information, visit www.cambmin.co.uk or contact:
Colin Andrew Cambridge Mineral Resources plc +44 (0) 20 7663 5618
Managing Director candrew@iol.ie
Michael Burton Cambridge Mineral Resources plc +44 (0) 20 7663 5618
Finance Director mburton@cambmin.co.uk
Gavin Burnell / Ruegg & Co Limited +44 (0) 20 7584 3663
Roxane Marffy
Colin Rowbury Religare Hichens Harrison plc +44 (0) 20 7382 7771
Tom Beattie Haywood Securities (UK) Limited +44 (0) 20 7031 8018
Victoria Thomas St Brides Media & Finance Ltd +44 (0) 20 7236 1177
Notes to Editor
Cambridge Mineral Resources plc is an AIM listed mining and exploration company focussed on becoming
a producer of precious metals with an output equivalent to 100,000 oz gold per annum. Primarily
targeting precious metals in South America, its strategy is to acquire established resources at
advanced stage exploration or near term production and develop them to economically mineable reserves
through further exploration. The Company has a strong portfolio of mineral projects at varying
stages of commercialisation including its two key projects, the Quintana gold mine in Colombia, which
is anticipated to commence production by the end of 2008, and the Rasuhuilca silver-gold mine in
Peru. The Company also has a portfolio of assets in Europe, which it is currently in the process of
seeking to divest through either joint-venture or sale.
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